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Please attach this assignment brief to the work you are handing in for assessment. Work that does not include this will be returned unmarked.
Credit Level
Unit
Economics
(this unit must be achieved at level 3 in order to pass the course)
To achieve at Level 3 you must meet all the following criteria:
Proof read your work and correct any errors in spelling, punctuation and grammar before submission
Controlling the economy can be done with the use of fiscal policy. Budget measures are one of the fiscal policies used by the government to control the economy.
Evaluate the budget measures announced by the government in March 2016.
Use the information in table A to prepare a business budget.
Analyse the business using the budget prepared with help of table A Use the information in table B to prepare an analysis and forecast of a business.
An understanding of trading patterns and trends is significant for a business. Explain the trends and developments of trade for the UK economy.
Describe the external influences on a business.
(A PESTLE analysis will be appropriate - Iceland Foods Ltd)
3.1
3.2
4.1
4.2
5.1
5.2
Tasks
Assessment Criteria
Task 3
Task 4
Task 5
Research the budget measures and analyse how they may affect the government budget and its impact upon businesses?
Produce a business budget using a spreadsheet with the financial data provided on the sheet attached.
Analyse the business using the budget prepared with help of table A
Complete the forecast table using the information provided in the sheet attached. Table B
Explain how trade has changed in the UK over the past few years and the patterns for trade. Aspects of the European Union and Euro Zone area should be included as important influence on these changes.
Describe PESTLE analysis and apply it to a business (Iceland Foods)
You need to produce an essay approximately 2,000 words (excluding quotations, tables, charts, references and appendices). Your essay will be written based on the criteria given above.
3.1
3.2 4.1
4.2
5.1
5.2
TABLE A
Prepare a business budget for 12 months (Jan – Dec) for Access Company Ltd.
